Form 4: Texas Capital Bancshares CFO Reports Stock Transactions
SEC Form 4 Filing
John Matthew Scurlock, CFO of Texas Capital Bancshares, reports the vesting and disposal of restricted stock units.
Summary
- On February 14, 2025, John Matthew Scurlock, the Chief Financial Officer of Texas Capital Bancshares, engaged in transactions involving the company's stock.
- Scurlock acquired 1,819 shares of common stock through the vesting of restricted stock units.
- Concurrently, Scurlock disposed of 716 shares to cover tax obligations at a price of $81.02 per share.
- Following these transactions, Scurlock directly owns 17,479 shares of Texas Capital Bancshares.
- He also holds 3,639 derivative securities in the form of restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common practice and provides transparency to investors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related stock disposals.
Key Dates
| Date | Description |
|---|---|
| 02/14/2025 | Date of stock transactions: vesting of restricted stock units and disposal of shares for tax obligations. |
| 02/16/2025 | Start date for the three equal annual installments of vesting restricted stock units. |
| 02/18/2025 | Date of signature by Mary Helen Hall, attorney-in-fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.